"We are committed to supporting companies and founders whose breakthroughs can improve health in our region while also furthering economic development," says Pete November, CEO of Ochsner Health, New Orleans' largest private employer.
That's why the health system is investing $100 million in 11 early-stage companies in Louisiana, per a press release.
Ochsner Ventures, a partnership between Ochsner and its innovation and digital health teams, is investing in companies that range from health tech to life sciences to personal protective equipment, per the Times-Picayune.
"There is so much opportunity to make Louisiana a healthier state and hub of healthcare innovation, while growing the economies of Louisiana and New Orleans," says Aimee Quirk, CEO of Ochsner Ventures.
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.